Posted On: August 3, 2023

Stock Report: BHAGERIA (NSE) 02 Aug 2023 

Outlook: BEARISH

Sector: Basic Materials  

Industry: Specialty Chemicals  

Bhageria Industries Ltd is a company based out of India. Incorporated in 1989, Bhageria Industries Limited is engaged in manufacturing of Dye and Dye-Intermediates, Pharmaceutical and Solar. The company has its plant located at Vapi and Tarapur. Vinyl Sulphone, H-Acid and Gamma Acid are major products of the company.

#xCalData predicts that # BHAGERIA will continue its bearish phase over the next five days and trend within the range of 145to 155. 

In comparison to the previous month, the price of the stock has experienced a decline of 2.57% indicating a bearish.

The Stock has doubled thrice since 02 Mar 2016 and took an average of 1.8 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely MACD, ASI indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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